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Benchmark Starts Work Program with Four Drill Rigs and Provides Exploration Update

·5-min read

DGAP-News: Benchmark Metals Inc. / Key word(s): Miscellaneous
19.07.2021 / 22:05
The issuer is solely responsible for the content of this announcement.

Edmonton, Alberta--(Newsfile Corp. - July 19, 2021) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to announce the start of resource expansion and definition drilling. The Company has already completed in excess of 15,700 metres (m) of drilling with two (2) drill rigs positioned at the Cliff Creek deposit and two (2) dill rigs located at the AGB deposit. The Company has aggressively advanced new target areas with significant work completed to date that includes geophysics, mapping and soil & rock sampling. Four drills are currently operating on site, and two additional diamond rigs will be added in the coming weeks. Sample shipments to the laboratory are progressing, and initial drill assay results are anticipated in early August. Benchmark's flagship Lawyers Gold-Silver Project is road accessible and located within the Golden Horseshoe area of north-central British Columbia, Canada.

To date, 2021 drilling has focused on expansion and conversion to the indicated category at the AGB and Cliff Creek deposit areas. Drilling at the Marmot and Silver Pond discoveries and additional exploration targets will begin in the coming weeks.

John Williamson, CEO commented, "The Company is operating one of the largest drill programs in Canada. Initial drilling has started and will target significant expansion areas to be included in an updated Mineral Resource Estimate. Benchmark has planned a minimum of 100,000 drill metres to aggressively expand the deposit areas and generate new gold-silver ounces from new targets. The regional exploration and drill program will find new discoveries."

Gold-Silver Program Update

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6169/90580_93662a25a46258e9_001.jpg



Figure 1: 2021 collected rock samples

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/90580_93662a25a46258e9_001full.jpg

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Figure 2: 2021 collected soils

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/90580_93662a25a46258e9_002full.jpg

About Benchmark Metals

Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned Lawyer's Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20 kilometre trend. The Company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

www.metalsgroup.com

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Williamson"
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig
Email: jimg@BNCHmetals.com
Telephone: +1 604 260 6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90580

Click on, or paste the following link into your web browser,to viewthe associated documentshttp://www.newsfilecorp.com/release/90580
News Source: Newsfile


19.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Benchmark Metals Inc.

Canada

ISIN:

CA08162A1049

EQS News ID:

1220100


End of News

DGAP News Service

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